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Business Studies

Modern Techniques of Managerial Control

Management au...

Question

Management audit is a technique to keep a check on the performance of

(a) Company

(b) Management of the company

(c) Shareholders

(d) Customers

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Solution

A management audit is a technique to keep a check on the performance of the management of the company

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Q. Management audit is a technique to keep a check on the performance of ____.

A management audit is a technique to keep a check on the performance of:

Q. In a reputed Co., for the last few days, differences have cropped up between management and workers. The workers were demanding more bonus. This matter hai aggravated so much that the attention of both the parties has been diverted from production to division of profit. Consequently, the profits of the company began to fall down. In order to assess the situation of company's rapidly falling profits, a team of specialists was invited. After investigation, besides the differences, one more fact was revealed. That fact was the Purchase Manager of the company was purchasing raw material from the company run by his own brother at a price more than market price. So, with the increase in cost, profit was reduced.
Due to poor performance, many customers also left the company.
(a) Which technique of scientific management will be suitable for the company and why?
(b) Which principle of management given by Henry Fayol is being ignored by the company? Explain briefly.
(c) Which factors of Business environment are affecting the company? Identify the type and factors.

Q. The ________ are elected representatives of shareholders to manage affairs of the company.

Q. The elected representatives of shareholders who manage company are called_________.

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